Salvatore Ferragamo (OTCMKTS:SFRGY) Shares Down 11.7% – Should You Sell?

by · The Markets Daily

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report)’s stock price was down 11.7% during mid-day trading on Friday. The company traded as low as $3.40 and last traded at $3.40. Approximately 296 shares traded hands during trading, a decline of 97% from the average daily volume of 8,923 shares. The stock had previously closed at $3.85.

Analysts Set New Price Targets

SFRGY has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

View Our Latest Stock Analysis on Salvatore Ferragamo

Salvatore Ferragamo Stock Performance

The firm’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $5.07.

About Salvatore Ferragamo

(Get Free Report)

Salvatore Ferragamo S.p.A. is an Italian luxury-goods company best known for its footwear and leather craftsmanship. The company designs and sells luxury shoes, handbags, small leather goods, apparel, silk products, accessories, eyewear, watches and fragrances under the Ferragamo brand.

The company traces its origins to Salvatore Ferragamo, who established his business in Italy in 1927 after developing a reputation as a footwear designer in the United States. Ferragamo became known for combining technical innovation with Italian craftsmanship, and the business later expanded from shoes into a broader lifestyle and luxury-fashion offering.

Salvatore Ferragamo serves customers internationally through directly operated stores, e-commerce, selected wholesale partners and travel-retail locations.

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